🚨 Urgent: ZachXBT uncovers a $140 million hack in Brazil! 💸
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📢 What's new?
– Researcher ZachXBT reported a major hack worth $140 million in Brazil.
– The hack occurred after an insider sold access data for $2,700.
– Between $30 to $40 million of the hacked funds were converted to cryptocurrencies through over-the-counter (OTC) trading platforms in Latin America.
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💡 Why is this important?
– This incident highlights internal security risks in companies.
– It showcases how OTC platforms can be used to convert hacked funds into cryptocurrencies.
– It points to ongoing security challenges in the field of digital currencies and decentralized finance.
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📈 Forecast:
– This incident is expected to bolster calls for tighter security measures.
– It may highlight the need for increased oversight on OTC trading platforms to combat money laundering.
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❓Do you think such hacks will increase pressure on governments for stricter regulation of the cryptocurrency market?
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